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More worries about slower growth in China pushed commodities to two-week lows, with copper prices and industrial metals leading losses.

German automaker Volkswagen AG admits that it rigged its diesel-powered cars so that during USA emissions tests, they would appear to emit fewer nitrogen oxides, which can contribute to ozone buildup and respiratory illness.

Based on the information available so far, the NEA “understands that the cases reported in the United States pertain to Volkswagen diesel models that are not sold in Singapore”, it said in a statement late Tuesday.

The number of vehicles involved is more than the 10 million or so cars it sold in 2014.

Volkswagen has given its North American Passat a mid-cycle facelift, but it still looks like the poor Chinese relative of the classier European model.

Over the weekend, Winterkorn said in a statement that, “I personally am deeply sorry that we have broken the trust of our customers and the public”.

Volkswagen’s shares had previously slumped almost 20 percent on Monday.

Volkswagen’s CEO Martin Winterkorn has been ousted.

The US Environmental Protection Agency (EPA) said on Friday Europe’s biggest carmaker used software for diesel VW and Audi branded cars that deceived regulators measuring toxic emissions and could face penalties of up to $18 billion. “I personally am deeply sorry that...

However, during normal driving the cars give off between 10 and 40 times the legal pollution limit, according to the EPA.

The scandal has already spread beyond the USA borders, with South Korea saying it plans to investigate three of its diesel models.

VW shares lost over 20 percent on the DAX index in Frankfurt on Monday, the biggest fall in one day for seven years. Between 2009 and 2015, their cars were programmed with software that only turned on the full pollution controls when the vehicles were being tested to determine...

During that time, the device turned on full emissions control systems. Those controls would turn off when in the normal driving mode in all situations and the vehicles would release more pollutants than reported by the manufacturer.

The EPA also said that the software which they dub as “a defeat device” hides the correct level of emissions during checking.

Ogier and co-driver Julien Ingrassia have a mathematical chance of winning their third respective championships this weekend, but the odds are better to get their rewards in Australia.